The purchasing power of the federal minimum wage peaked in 1968 at $1.60 ($12.00 in 2018 dollars
If the minimum wage in 1968 had kept up with labor’s productivity growth, it would have reached $19.33 in 2017.
The purchasing power of the federal minimum wage peaked in 1968 at $1.60 ($12.00 in 2018 dollars
If the minimum wage in 1968 had kept up with labor’s productivity growth, it would have reached $19.33 in 2017.